Vira Perun
The Ministry of Economy together with the governments of other countries are looking for a mechanism to transfer to Ukraine the seized FX reserves of the Central Bank of the Russian Federation, Censor.NET reports.
The amount of reserves is $415 bln. They will be handed over to Ukraine to compensate for the damage caused by the Russian invaders.
"Western governments have already seized FX reserves of the Central Bank of the Russian Federation $415 bln. In fact, this amount is enough to cover these direct one-time losses. We hope that in the near future, together with other governments, we will find a legal mechanism to wire this money to Ukraine – for recovery and compensation, "said First Deputy Economy Minister Denys Kudin.
Russia will also have to pay Ukraine the relevant reparations after Moscow surrenders. According to Kudin, reparations come in two forms: monetary and in kind.
Earlier, the adviser to the President of Ukraine Oleh Ustenko declared that losses of Ukraine because of military invasion of Russia make at least $ 100 bln.
The Center for Economic Strategy, a non-governmental organization, estimated the economic losses from Russia's temporary occupation of the Crimean peninsula at $ 135.024 bln.
On March 10, the Minister of Energy of Ukraine Herman Halushchenko during an online meeting with the Ministers of Energy of the G7 countries proposed to freeze Russia's gas funds.